Which of the Following Was (Were)not One of the Main

question 53

Multiple Choice

Which of the following was (were) not one of the main feature(s) of the European Monetary System (EMS) ?

• A)creation of the European Currency Unit
• B)allowing the currency of each EU member to fluctuate by a maximum of 2.25 percent on either side of its center rate
• C)the establishment of the European Cooperation Fund
• D)Paris was selected as the headquarter of the EMS

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Definitions:

Consolidation

A contractual and statutory process in which two or more corporations join to become a completely new corporation.

Corporate Combinations

Mergers or acquisitions between companies to consolidate assets, operations, or management.

Merger

A contractual and statutory process in which one corporation (the surviving corporation) acquires all of the assets and liabilities of another corporation.

Appraisal Rights

The rights of shareholders to demand the payment of a fair valuation of their shares in the event of certain corporate actions, like mergers or consolidations, that they find unsatisfactory.